EURUSD Daily Pivots
| R3 | 1.1609 |
| R2 | 1.1491 |
| R1 | 1.135 |
| Pivot | 1.1232 |
| S1 | 1.1090 |
| S2 | 1.0972 |
| S3 | 1.0831 |
 
EURUSD dipped lower below 1.14 as noted in Friday’s analysis. With the weekend Gap now being filled, EURUSD could continue to dip further with the falling trend line likely to come in as the only support level. Alternatively, a push above the daily pivot level is likely to see the EURUSD rally towards the broken support to establish resistance near the price level of 1.1491.
USDJPY Daily Pivots
| R3 | 119.823 |
| R2 | 119.318 |
| R1 | 118.564 |
| Pivot | 118.059 |
| S1 | 117.305 |
| S2 | 116.8 |
| S3 | 116.046 |
USDJPY looks poised for a small rally higher to test the support/resistance at 118.06. A break above this level could see a further test towards 118.87 which would then potentially pave way for further declines or a continuation of the rally above 119 levels, should resistance above 118.9 levels give way.
GBPUSD Daily Pivots
| R3 | 1.5118 |
| R2 | 1.5076 |
| R1 | 1.5034 |
| Pivot | 1.4993 |
| S1 | 1.4950 |
| S2 | 1.4909 |
| S3 | 1.4866 |
GBPUSD is looking to make another attempt to break the previous resistance at 1.503 to establish support. However, should resistance continue to hold, we could expect further declines if the current lows near 1.495 is broken. Alternatively, a break above could see a quick test to 1.5112 levels.
